Europe’s financial regulators are following in North America’s footsteps one year later, as Keler CCP becomes the ninth central counterparty to be authorized under the new EMIR rulings for OTC derivatives, including FX.

The ongoing regulatory bureaucracy concerning how swaps are cleared in North American markets has resulted in LCH.Clearnet technically having cleared swaps prior to its SEF approval. CFTC holds off enforcement action for now.

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